Replies to post #372862 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Maybe we do drift a little lower, even make a double bottom, but this thread has become so bearish, I feel uncomfortable. Remmber the late July 2002 bottom was followed by a call "run for the hills exactly a month later in late August....

[Ace Hanlon]

Market was a LOT cheaper in 2002 than it is today. Also Fed was cutting rates, not hiking them.

Using technical analysis while ignoring such basic fundamantals as valuation can be dangerous to one's financial health.

We can of course bounce at any time and probably will shortly. But the cyclical bull is over IMHO and the bear has begun.